It's bad enough having Larry Fink involved with bitcoin. Now this turd? It would be sweet if Epstein revelations take him down. I know it's not a popular opinion, but I hope every ETF application is denied and we all can get back to what's really important: development and ground up adoption.
I have been thinking a lot about this "what many in bitcoin want" thing. I see myself as a free market guy, and I see bitcoin as freedom money, the whole people can use bitcoin however they want thing, then I get pissed off about etfs, and stablecoins on bitcoin, and ordinals, and I find myself wanting to decide how bitcoin can be used.
Devs and people pushing ground up adoption don't really care about the ETFs anyway, I think. It's not mutually exclusive :)
These Wall Street guys care a lot about the devs, though. They're already throwing money at them on day one. From what I've learned from 40 years buying and selling stocks, they're not spending this money because they're good guys who care about bitcoin. It's just another playtoy for them. This money will come with strings attached, whether they say it or not. Their money will buy them a say in the direction bitcoin takes.
Remember that Shark Tank judge Kevin O'Leary and how he was the spoke person for SBF until everything went south, I'm seeing a repeat here with Jamie Dimon
Like he said, “it’s for criminals” — way to live up to his words.
Now he can sell Bitcoin ETFs on his cocaine boat on the way to Epstein Island.
It's bad enough having Larry Fink involved with bitcoin. Now this turd? It would be sweet if Epstein revelations take him down. I know it's not a popular opinion, but I hope every ETF application is denied and we all can get back to what's really important: development and ground up adoption.
Despite what many in bitcoin want eventually everyone will use bitcoin.
I have been thinking a lot about this "what many in bitcoin want" thing. I see myself as a free market guy, and I see bitcoin as freedom money, the whole people can use bitcoin however they want thing, then I get pissed off about etfs, and stablecoins on bitcoin, and ordinals, and I find myself wanting to decide how bitcoin can be used.
Yeah, I hear ya. Here is the deal. All this crap will fall apart along the way.
Devs and people pushing ground up adoption don't really care about the ETFs anyway, I think. It's not mutually exclusive :)
ETFs were bound to happen at some point. We're winning on one side (adoption) but losing on the other (scaling).
These Wall Street guys care a lot about the devs, though. They're already throwing money at them on day one. From what I've learned from 40 years buying and selling stocks, they're not spending this money because they're good guys who care about bitcoin. It's just another playtoy for them. This money will come with strings attached, whether they say it or not. Their money will buy them a say in the direction bitcoin takes.
Good points and I agree 100%. I really wonder if we'll see another UASF.
I was a little too late to the party of the last one.
The serious doubter always end up to be Bitcoin evangelist
God I hope this was sarcasm
I'll mark it as such next time :) His smug, condescending attitude while testifying or giving one of his high paid speeches really pisses me off.
Remember that Shark Tank judge Kevin O'Leary and how he was the spoke person for SBF until everything went south, I'm seeing a repeat here with Jamie Dimon
He is a man of principle. That principle is, "if it makes me money, it's good" or, to put it more sophisticated, "pecunia non olet".
He is the worst.
One of my favorite things about bull markets is how people like this are exposed by Bitcoin
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